AM/NS India aims 40 mt capacity by 2035

02 Aug 2023 CW Team

Dilip Oommen, Chief Executive Officer, ArcelorMittal Nippon Steel India (AM/NS India), stated that the demand for steel in India would increase due to the country's low per capita consumption and the government's focus on infrastructure development. The company's current capacity of 9 million tonne would expand to 40 million tonne by 2035. When asked about the company's plans for acquisitions, Oommen referred to the list of previous acquisitions that began with the acquisition of Essar Steel from the bankruptcy court in 2019.

India's per capita steel consumption is currently low, indicating that it can only go upwards, especially with the need for infrastructure development in various sectors like roads, ports, and airports.

The company aims to achieve a manufacturing capacity of 40 million tonne by 2035. Presently, the company is producing close to 8 million tonne per annum at the Hazira plant, and this will be increased to 15 million tonne and then 22 million tonne. Additionally, they plan to undertake a greenfield expansion in Odisha.

The company is currently a flat steel manufacturer, they will also venture into long products. They are considering both organic and inorganic approaches for growth.

Also read:
Indian Mineral Production records positive growth in April 2023
India surpasses China in Coal-based Steel Capacity

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..